Consolidated accounting statements are prepared by the parent company, so listed companies can only provide a single statement. The statements of subsidiaries disclosed by listed companies are neither parent company statements nor consolidated statements.
2. The relationship between its consolidated statement and the parent company's statement:
The report of the parent company is the external report of the parent company, which reflects all the economic and operating conditions of the parent company as an independent company. All investments are reflected in the statements, and subsidiaries are only part of the long-term investment of the parent company (if the parent company has other investments). The consolidated statement reflects the parent-subsidiary company as a whole, that is, from the perspective of the boss of the parent company, the parent-subsidiary company is his company, and what their actual business is should be reflected in the consolidated statement, that is, all internal businesses should be offset.
Because the parent company sells goods to its subsidiaries, or the subsidiaries sell goods to the parent company, from the perspective of the boss (investor), it is only the transfer from one warehouse to another. Therefore, businesses like this should be offset, only reflecting the actual business content, and so should assets.
The assets reflected in the parent company's statements include investment in subsidiaries, and the share capital of subsidiaries is invested by the parent company, which is also repeated.
These duplicate contents should be eliminated, and then consolidated statements should be made.
3. There are consolidated statements and parent company statements in financial statements, both of which should be analyzed concretely.